PIA's third-quarter loss deepens more than sixfold

Pakistan International Airlines posted a PKR20.4 billion ($249.2 million) loss in the third quarter, widened from a PKR3.15 billion deficit in the year-ago quarter, according to a stock exchange filing cited by Bloomberg News. Revenue rose 32.6% year-over-year to PKR22.8 billion but fuel costs doubled to PKR14 billion and it took an additional PKR14 billion charge related to currency conversion. Nine-month loss increased to PKR38.4 billion from PKR10.9 billion in year-ago period.

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